Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Alliance Wealth Advisors LLC

Alliance Wealth Advisors LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 11.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,626 shares of the exchange traded fund’s stock after purchasing an additional 2,073 shares during the quarter. Invesco QQQ accounts for 5.5% of Alliance Wealth Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. Alliance Wealth Advisors LLC’s holdings in Invesco QQQ were worth $9,579,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of QQQ. Atwater Malick LLC bought a new stake in Invesco QQQ during the 1st quarter worth approximately $293,000. Westwood Holdings Group Inc. grew its holdings in Invesco QQQ by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after buying an additional 1,993 shares in the last quarter. GenWealth Group Inc. raised its position in Invesco QQQ by 5.8% in the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after buying an additional 2,325 shares during the last quarter. Socha Financial Group LLC lifted its stake in Invesco QQQ by 1.3% during the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after acquiring an additional 1,153 shares in the last quarter. Finally, SVB Wealth LLC boosted its holdings in Invesco QQQ by 15.2% during the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after acquiring an additional 2,453 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.0 %

Shares of QQQ stock opened at $490.91 on Thursday. The firm has a 50-day moving average of $475.94 and a 200-day moving average of $464.29. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a $0.677 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.55%.

Invesco QQQ Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.